Canada supports students – student loans and summer jobs

Giving support to youth and students is recognised as crucial for Canadian economy.

Canada increases student loans, introduces student loan repayment moratorium and helps summer jobs possibilities.

The future of our economy and our country relies on the opportunities and support we provide to Canadian students today. To promote a sustainable economic recovery, we need a strong workforce and good job opportunities for young people. That means giving them the support they need to continue their studies and encouraging them to serve their communities. Together, we will get through this difficult time.”

The Rt. Hon. Justin Trudeau, Prime Minister of Canada

• Approximately 700,000 students received support from the Canada Student Loan Program in 2019-20. Of these, 71 per cent received some form of the means-tested Canada Student Grant, indicating that they were more likely to come from lower- and middle-income families.
• On March 30, 2020, the Government of Canada placed a six-month interest-free moratorium on the repayment of Canada Student Loans for all individuals currently in the process of repaying.
• On April 8, 2020, the Government of Canada announced temporary changes to the Canada Summer Jobs program that will help employers hire summer staff and provide young Canadians with access to the jobs they need during this unprecedented time. This program will help create up to 70,000 jobs for youth between 15 and 30 years old.

More information here https://pm.gc.ca/en/news/news-releases/2020/04/08/changes-canada-summer-jobs-program-help-businesses-and-young